Charlie Munger, Berkshire Hathaway's visionary vice chairman and Warren Buffett's indispensable financial partner, has outperformed market indexes again and again, and he believes any investor can do the same. His notion of "elementary, worldly wisdom"—a set of interdisciplinary mental models involving economics, business, psychology, ethics, and management—allows him to keep his emotions out of his investments and avoid the common pitfalls of bad judgment.Munger's system has steered his investments for forty years and has guided generations of successful investors. This book presents the essential steps of Munger's investing strategy, condensed here for the first time from interviews, speeches, writings, and shareholder letters, and paired with commentary from fund managers, value investors, and business-case historians. Derived from Ben Graham's value-investing system, Munger's approach is straightforward enough that ordinary investors can apply it to their portfolios. This book is not simply about investing. It is about cultivating mental models for your whole life, but especially for your investments.

CAIA Association has developed two examinations that are used to certify Chartered Alternative Investment Analysts. The Level I curriculum builds a foundation in both traditional and alternative investment markets--for example, the range of statistics that are used to define investment performance as well as the many types of hedge fund strategies. The readings for the Level II exam focus on the same strategies, but change the context to one of risk management and portfolio optimization. Level II CAIA exam takers have to work through the following agenda: asset allocation & portfolio oversight style analysis risk management alternative asset securitization secondary market creation performance and style attribution  indexation and benchmarking

Product Description: In the midst of globalization, technological change, and economic anxiety, we have deep doubts about how well the task of investor protection is being performed. In the U.S., the focus is on the Securities & Exchange Commission. Part of the explanation is economic and political: the failure to know the right balance between investor protection and capital formation, and the resulting battle among interest groups over their preferred solutions...read more

A revised edition of the popular guide covers the latest tax laws and features a humorous, reader-friendly design, in a volume that includes coverage of stocks, Internet investing, and tuition and retirement savings. By the author of My Vast Fortune. Original. 100,000 first printing.

Product Description: Compiles the most important and compelling points from a series of letters written by Warren Buffett between 1956 and 1970 to demonstrate the businessman's tactics, control, and discipline in a variety of markets and investing climates.

Explains how to develop an investment strategy for the short and long term and describes when to buy or sell stocks, the pros and cons of different stock categories, and the factors affecting stock value.

Fundamentals of Investing helps students make informed investment decisions in their personal and professional lives by providing a solid foundation of core concepts and tools. Gitman and Joehnk use practical, hands-on applications to introduce the topics and techniques used by both personal investors and money managers. Preparing to Invest: The Investment Environment; Markets and Transactions; Investment Information and Securities Transactions. Important Conceptual Tools: Risk and Return; Modern Portfolio Concepts. Investing in Common Stocks: Common Stocks; Analyzing Common Stocks; Stock Valuation; Technical Analysis, Market Efficiency, and Behavioral Finance. Investing in Fixed-Income Securities: Fixed-Income Securities; Bond Valuation. Portfolio Management: Mutual Funds: Professionally Managed Portfolios; Managing Your Own Portfolio. Derivative Securities: Options: Puts and Calls; Commodities and Financial Futures; Investing in Preferred Stocks; Tax-Advantaged Investments; Real Estate and Other Tangible Investments. For all readers interested in personal investment and money management.